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  • Oil prices rise after US jobless claims fall Friday, 12 Oct 2012 | 1:19 AM ET

    By early afternoon in Europe, benchmark oil for November delivery was up 21 cents to $92.28 per barrel in electronic trading on the New York Mercantile Exchange. The contract gained 82 cents to close at $92.07 per barrel in New York on Thursday.

  • German stocks - Factors to watch on Oct 12 Friday, 12 Oct 2012 | 1:18 AM ET

    Porsche indicated 0.6 pct lower, Volkswagen 0.1 pct lower. The holding company of German carmaker Porsche has received a fresh lawsuit from the family of a deceased industrialist, linked to its 2008 attempt to take over Volkswagen.

  • Turkey - Factors to Watch on Oct 12 Friday, 12 Oct 2012 | 1:15 AM ET

    The yield on Turkey's two-year benchmark bond. Turkey's main share index closed up 1.64 percent at 69,577 points, its highest level since May 2011, outperforming a 0.45 percent rise in the emerging markets index. ï¿ ½.

  • Asia stocks mixed after US joblessness drops Friday, 12 Oct 2012 | 1:14 AM ET

    Weekly applications for unemployment aid fell to their lowest since February 2008, the U.S. government said Thursday. "I think you need to wait for a few months to see more figures to confirm the jobs recovery in the U.S.," said Francis Lun, managing director of Lyncean Holdings in Hong Kong.

  • BRIEF-Nutreco to sell Hungarian business Friday, 12 Oct 2012 | 1:11 AM ET

    AMSTERDAM, Oct 12- Nutreco NV:. *Nutreco reaches agreement on the sale of its hungarian business to Nuscience Group. *Sells Trouw Nutrition Kö rnye Kft's business to Nuscience Group, the premix and specialty division of the Dutch cooperative Royal Agrifirm Group.

  • US stocks fall, headed for weekly decline Friday, 12 Oct 2012 | 12:56 AM ET

    Bank and energy stocks led the way lower after investors had a mixed reaction to earnings reports from JPMorgan Chase and Wells Fargo. Investors haven't had much to get excited about, with mixed results this week from U.S. companies including Alcoa, Safeway and Yum Brands. The S&P 500 is up more than 11 percent since June 1.

  • EDF sees more maintenance ahead at nuclear plants Friday, 12 Oct 2012 | 12:56 AM ET

    PARIS, Oct 12- French electricity giant EDF. France, the world's most nuclear-reliant nation, has been grappling with heavy maintenance work and delayed restarts at its reactors for the past six months.

  • Oct 12- Fitch Ratings has affirmed the Long-term Issuer Default Ratings of Russia's Home Credit and Finance Bank at' BB-', and thereby resolved the Rating Watch Positive on the ratings. Fitch placed HCFB's ratings on RWP on 23 May 2012, reflecting the view that the bank's stand-alone credit metrics warranted a higher rating than the' BB-' level.

  • MILAN, Oct 12- Italy's government and car maker Fiat SpA have begun looking for ways the state can help the company increase its exports in return for commitments from Fiat, Prime Minister Mario Monti said on Friday.

  • *Turkey- Syria tensions, lower N.Sea output support. SINGAPORE, Oct 12- Brent crude held above $115 a barrel on Friday, trading near four-week highs and on course for its biggest weekly gain in two months, supported by tensions between Turkey and Syria, lower output at North Sea oilfields and upbeat U.S. data.

  • TEXT-S&P cuts Victoria Funding (EMC-III) ratings Friday, 12 Oct 2012 | 12:46 AM ET

    --Following our review of the remaining loan backing Victoria Funding, we consider that the risk of principal losses and cash flow disruption has increased. --Victoria Funding is a 2005- vintage transaction currently backed by one loan secured by seven commercial real estate assets in the U.K..

  • Med Crude-Urals strongest in Baltic since end Aug Friday, 12 Oct 2012 | 12:45 AM ET

    LONDON, Oct 12- Russian Urals crude extended its rally on Friday, trading in the Baltic at a discount of less than $1 a barrel to dated Brent for the first time since late August, as refiners scrambled to pick up remaining scarce volumes. In the Platts window, BP continued to bid for an Oct 22-26 cargo in the Baltic at dated Brent minus $1 but found no sellers, traders said.

  • Swiss stocks - Factors to watch on Oct. 12 Friday, 12 Oct 2012 | 12:41 AM ET

    ZURICH, Oct 12- Swiss stocks were expected to open slightly lower on Friday, in line with other European bourses as uncertainty about Spain's debt crisis and earnings season gloom kept a lid on risk appetite. posted first-half sales of 69 million Swiss francs and said it had been adversely affected by lower demand in Spain and Italy.

  • German ship owners call for state bailout Friday, 12 Oct 2012 | 12:41 AM ET

    FRANKFURT, Oct 12- German ship owners have called for a state bailout as the sector continues to struggle with overcapacity, rising fuel costs and hard-pressed banks pulling back from lending to the industry.

  • RPT-Polish PM wins vote of confidence in parliament Friday, 12 Oct 2012 | 12:38 AM ET

    WARSAW, Oct 12- Polish Prime Minister Donald Tusk on Friday won a parliamentary vote of confidence that he himself had requested to slap down criticism of how he is handling the slowing economy. Two hundred and thirty-three members of the 460- seat lower house of parliament backed Tusk in the vote, while 219 voted against him.

  • *Territorial spat between Japan and China may hit sales. TOKYO, Oct 12- Japan's government downgraded its view of the economy for the third straight month in October as worries about Europe's debt crisis and China's slowdown intensified, adding pressure on the central bank to offer further stimulus to support growth.

  • Polish PM wins vote of confidence in parliament Friday, 12 Oct 2012 | 12:37 AM ET

    WARSAW, Oct 12- Polish Prime Minister Donald Tusk on Friday won a parliamentary vote of confidence that he himself had requested to slap down criticism of how he is handling the slowing economy. Two hundred and thirty-three members of the 460- seat lower house of parliament backed Tusk in the vote, while 219 voted against him.

  • LONDON, Oct 12- Irish originator Permanent TSB made a capital gain in excess of EUR150m with its RMBS tender offer, repurchasing EUR644.6m of bonds from the Fastnet 2 transaction.

  • Markets slip after bank earnings reports Friday, 12 Oct 2012 | 12:35 AM ET

    LONDON-- Financial markets slipped on Friday, as disappointing earnings from Wells Fargo bank offset brighter figures from JP Morgan Chase& Co. and a strong U.S. consumer confidence survey. But revenue gains reported by Wells Fargo were below investors' expectations, pushing stock markets back down by the time European exchanges closed.

  • TEXT-S&P revises FIATC outlookl Friday, 12 Oct 2012 | 12:33 AM ET

    --On Oct. 10, 2012, we downgraded the Kingdom of Spain to' BBB-/A-3' from' BBB+/ A-2'. The outlook on Spain remains negative. The outlook revision follows our lowering of the long- and short-term ratings on the Kingdom of Spain on Oct. 10, 2012.